NO.PZ2022061307000035
问题如下:
Question For portfolio managers of passive funds, market indexes are least useful as:
选项:
A.proxies to measure systematic risk.
B.benchmarks for portfolio performance attribution.
C.tools to develop exchange-traded funds for non-accessible markets.
解释:
SolutionB is correct. Market indexes are used as benchmarks for actively managed portfolios, which is not relevant to passively managed funds.
A is incorrect. Market indexes are used as proxies to measure systematic risk. The use is relevant to passively managed funds.
C is incorrect. Market indexes are used as model portfolios to develop new ETFs. The use is relevant to these portfolio managers as some emerging markets are not easily accessible for direct investments.
CA两个选项请老师具体解释一下